whether it’s a loan, credit card or even a phone contract, it might be because you have a low credit rating if you’ve found it difficult to get credit.
When you submit an application for credit from a bank or comparable provider, the financial institution will make use of your credit score to determine the possibility of providing you with financing. They could refuse the application when they believe the danger is too much.
Lenders base a number of their choices regarding the articles of the credit history, that they request from 1 associated with the UK’s three credit guide agencies. Continue reading